Friday Wrapup (11/20) - $190 gain

Well for starters it's nice to be back in the positive, although today does little to help this week's overall damage.

Still made too many mistakes today.  Letting winners turn into losers and not managing risk well.

First the negatives.  Let an early AM short pullback ride that should've been closed out for a decent profit.  Gave it way too much room to work and ignored the obvious signs of buying.  Entered the trade just after 7AM and was up as much as $200 after 15-20 mins or so, but only took off a 1/3 of the position during this time.  Let it ride until after the open and was lucky to get out with a small loss of $162.

Because I was stuck in this short trade, I wasn't able to enter the gap fade which is usually my first play of the day.  And as luck would have it that was the best trade of the day session.

As with yesterday I nailed a few countertrend scalps, but one I did enter too early on. Should've waited for confirmation and instead got stopped out of the trade.  Did re-enter shortly thereafter for a nice gain after confirmation.

For the week I ended up down $3200 and some change.  One of my worst weeks in a while for sure.  Clearly this was a tough week for a lot of traders.  But that's no excuse, I feel like I should be able to turn a profit in any environment.

It's times like this that one starts to question their strategies.  But at the end of the day I know my setups make money as they have in the past.  Ultimately it's execution and risk management that caused my losses this week.

Next week should bring either more chop or heightened volatility due to the holidays.  Naturally I'm ready to get back at it, but next week is no time to put my foot on the accelerator.

Need to continue focusing on my risk management and taking the choicest setups.  Plan my entries better and quit switching timeframes after I've entered a trade.